[VIDEO] 7 Year US Treasury Auction may be a sign of trouble for the Fed

What does this mean for the US economy? It means the Fed is in trouble.

FED 10

The 7 Year US Treasury Action went horrible today.  The bid to cover was 2.045, the lowest on record!  In addition, Indirect bids fell to 38.06%.  

As a result of the weak auction, bonds prices across the board fell and yields spiked.  The closely watched 10-year yield spiked through 1.5 % on the results for the first time since February 21st, 2020 to a current high of 1.544%.  

What does this mean for the US economy?  It means the Fed is in trouble.  The bond market has been telling us this for a while now, though Powell continues to say everything is fine. 

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